UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in The TJX Companies, Inc. $TJX

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 7.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,560,007 shares of the apparel and home fashions retailer’s stock after purchasing an additional 883,294 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in TJX Companies were worth $1,902,841,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. New Mexico Educational Retirement Board raised its position in shares of TJX Companies by 8.9% during the 2nd quarter. New Mexico Educational Retirement Board now owns 55,280 shares of the apparel and home fashions retailer’s stock worth $8,375,000 after purchasing an additional 4,500 shares during the last quarter. Mufg Securities Americas Inc. grew its holdings in TJX Companies by 8.4% during the 2nd quarter. Mufg Securities Americas Inc. now owns 33,306 shares of the apparel and home fashions retailer’s stock valued at $5,046,000 after buying an additional 2,579 shares during the last quarter. Van ECK Associates Corp increased its position in TJX Companies by 3.3% during the second quarter. Van ECK Associates Corp now owns 340,295 shares of the apparel and home fashions retailer’s stock worth $51,555,000 after buying an additional 10,969 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its position in TJX Companies by 1.2% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 480,461 shares of the apparel and home fashions retailer’s stock worth $72,790,000 after buying an additional 5,862 shares in the last quarter. Finally, Nissay Asset Management Corp Japan increased its position in TJX Companies by 3.8% during the second quarter. Nissay Asset Management Corp Japan now owns 155,537 shares of the apparel and home fashions retailer’s stock worth $23,564,000 after buying an additional 5,687 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on TJX. Robert W. Baird upped their price objective on TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Telsey Advisory Group boosted their target price on shares of TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. upped their target price on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Gordon Haskett reaffirmed an “accumulate” rating and set a $155.00 price target on shares of TJX Companies in a research note on Thursday, August 20th. Finally, Wells Fargo & Company cut their price objective on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a research report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.84.

Insider Activity at TJX Companies

In related news, CFO John Klinger sold 6,235 shares of TJX Companies stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.77, for a total value of $1,002,400.95. Following the transaction, the chief financial officer owned 64,257 shares in the company, valued at approximately $10,330,597.89. This trade represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the transaction, the director owned 802 shares in the company, valued at $135,209.18. The trade was a 54.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 130,367 shares of company stock valued at $20,959,476 over the last quarter. 0.15% of the stock is currently owned by corporate insiders.

TJX Companies Trading Up 0.7%

Shares of TJX stock opened at $135.16 on Friday. The firm has a market cap of $149.31 billion, a P/E ratio of 24.98, a PEG ratio of 2.61 and a beta of 0.62. The TJX Companies, Inc. has a 1-year low of $133.55 and a 1-year high of $170.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. The firm’s 50-day simple moving average is $152.86 and its 200-day simple moving average is $156.07.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The firm had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. TJX Companies’s revenue was up 5.4% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. As a group, equities analysts forecast that The TJX Companies, Inc. will post 5.21 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. TJX Companies’s payout ratio is currently 35.49%.

TJX Companies Company Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.